Platt Nera International Balance Sheet Health
Financial Health criteria checks 3/6
Platt Nera International has a total shareholder equity of THB477.5M and total debt of THB452.6M, which brings its debt-to-equity ratio to 94.8%. Its total assets and total liabilities are THB1.6B and THB1.2B respectively. Platt Nera International's EBIT is THB23.3M making its interest coverage ratio 0.6. It has cash and short-term investments of THB92.8M.
Key information
94.8%
Debt to equity ratio
฿452.64m
Debt
| Interest coverage ratio | 0.6x |
| Cash | ฿92.80m |
| Equity | ฿477.49m |
| Total liabilities | ฿1.16b |
| Total assets | ฿1.63b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1949's short term assets (THB934.4M) exceed its short term liabilities (THB682.3M).
Long Term Liabilities: 1949's short term assets (THB934.4M) exceed its long term liabilities (THB474.4M).
Debt to Equity History and Analysis
Debt Level: 1949's net debt to equity ratio (75.4%) is considered high.
Reducing Debt: 1949's debt to equity ratio has reduced from 355.6% to 94.8% over the past 5 years.
Debt Coverage: 1949's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1949's interest payments on its debt are not well covered by EBIT (0.6x coverage).